Financial Innovation

Table 2 Summary statistics and correlation analysis of Eq. (12)

From: The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan

	Summary statistics		Correlation analysis
	Mean	SD	TE	lnTA	MKTSHR	FCFD	lnAGE	BUSSEG
TE	0.6874	0.2503
lnTA	15.2325	1.4119	− 0.148***
MKTSHR	0.2193	0.9843	− 0.070***	0.512***
FCFD	0.6066	0.4886	0.006	− 0.002	0.007
lnAGE	1.7935	0.5431	− 0.161***	0.338***	0.193***	0.004
BUSSEG	0.7282	0.2194	0.049**	0.102***	0.110***	− 0.006	− 0.010
BSIZE	4.0798	1.6282	− 0.097***	0.249***	0.074***	− 0.084***	0.238***	0.016

**, ***Significance levels of 5% and 1%, respectively

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